Three important things to know after you make your final chapter 13 payment:
- You’ll receive a discharge order that absolves you of the listed debts
- Chapter 13 lasts seven years from the date of filing, not the date of case closure
- While you will be absolved of debt, the bankruptcy will stay on your credit report for seven years (unless removed)
- Your score will likely drop from 150 to 240 points for the first three years
Get Your Bankruptcy Removed Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (866-718-6029) or setup a consultation with them. They also happen to have incredible customer service.